Nigerian National Petroleum Company Limited (NNPC Ltd) retail outlet has increased fuel price in Abuja to N617 per litre, and Lagos to N568 per litre.
The new pricing came into effect on Tuesday morning.
Reports said that the NNPCL Retail outlet was now selling fuel at N617 per litre in Abuja.
Reports said that the NNPCL Retail outlet was now selling fuel at N617 per litre in Abuja.
The development comes months after the oil company approved an upward review in the pump price of petroleum nationwide.
President Bola Tinubu had, in his inaugural address on 29 May, announced the removal of fuel subsidy.
Following the announcement, the Nigerian National Petroleum Company Limited (NNPCL) directed its outlets nationwide to sell fuel between N480 and N570 per litre, an almost 200 per cent increase from the initial price below N200.
The hike immediately triggered an increase in transportation fares and prices of goods and services by various percentages.
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